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IIn 2020, PwC announced our commitment to reach net zero greenhouse gas (GHG) emissions with 2030 goals. Our goals include near-term science-based targets to reduce our own emissions, first and foremost.
How we’re going beyond value chain mitigation
Since 2018, our largest territories have offset, at a minimum, air travel emissions. From FY23 all PwC member firms will offset (at minimum) scope 1, 2 and scope 3 business travel emissions.
Our commitment to quality
We want to make sure we continue to support quality projects that deliver real and verified outcomes. We’ve put in place quality criteria for our network of firms when they purchase carbon credits. The criteria define standards, types of projects, vintages, portfolio composition, our approach to retiring credits, and require projects to go through due diligence by a third party supplier. Read more about our quality criteria in our PwC Network Climate-related disclosures report.
Our current portfolio
Our carbon credit portfolio contains a range of projects in order to manage risk and maximise our impact beyond climate - to support nature and local communities. You can find more details about our offset projects in the explorer tool below.
In FY22, the projects we, and others, have supported have collectively impacted 8 million people. They have protected and restored more than 173,000 hectares of land and created more than 8,000 new full time jobs.
The voluntary carbon market is changing rapidly. So we’ve been reviewing our approach to purchasing carbon credits. We want to make sure we continue to support quality projects that deliver real and verified outcomes. We also want to maximise our impact beyond our value chain – to support nature and local communities.
We’re also a member of LEAF1 - the Lowering Emissions by Accelerating Forest Finance coalition. This is one of the largest public-private initiatives to protect tropical forests and expand the market for high-integrity carbon credits.
In the short term our focus is to support projects that reduce and avoid emissions while protecting existing carbon sinks, to accelerate global decarbonisation, before transitioning to removals by FY30.
¹LEAF Lowering Emissions by Accelerating Forest Finance coalition, 2022. Website
Explore our carbon offset projects
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